AJ&P Leasing Acquires 2,400 SF Industrial Property In Elkridge For $1.3M
7121 Kit Kat Road Elkridge, Maryland 21075, USA
$1,300,000
$541/SF
Building Size
2,400 SF
Asset Type
Industrial
Closing
Jul 14, 2023
AI
AJ&P Leasing, LLC has purchased a 2,400 square-foot warehouse property situated on 2.1 acres at 7121 Kit Kat Road in Elkridge. The transaction was completed for a sale price of $1.3 million, resulting in a price per square foot of $542.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,300,000
- Address: 7121 Kit Kat Road, Elkridge, MD
- Market: Elkridge, MD
- Acres: 2.1
The buyer, AJ&P Leasing, LLC, acquired the warehouse property with the assistance of Matthew Curran, Daniel Hudak, and Andrew Meeder from MacKenzie Commercial Real Estate Services. This purchase presents an opportunity for AJ&P Leasing, LLC to expand its operations in Elkridge.
Players
Elkridge Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93